This is confirmed to be real according to Jason Schrier. They were going to use this trailer to reveal the game soon if Bioware hadn't closed. It's obviously a little unpolished (especially in the fake gameplay section) but it did look promising.

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[–] 12 points 2 weeks ago* (last edited 2 weeks ago)

BioWares last 3 games didn't sell well, and this was at least years down the line. This is clearly very early in production. I can't say I am surprised this was cancelled in that context.

Even if it was the best game ever made, it was years away from a studio that had just had 3 financial failures in a row. Maybe it would have been approved if it was already like, 90% complete, but this looks like it's maybe 10%.

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